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RE: My Open Letter To Justin
First of all Freezing suns account goes against the very basic foundation of a decentralized community. We will never know what suns intention where going to be. The freezing stole that from the community. The community response is based on misinformation from witnesses. Sun was a new whale on the block and the centralized witnesses felt their influence threatened . They acted on speculation and not facts. A decentralize community needs to understand that things can change quickly .
I agree that it was a radical thing to do. I would have done it but only as a last resort. Are you aware of the history of the stake Justin Sun bought? By purchasing the coins Sun became nothing like an ordinary whale on the platform. Steemit, Inc's coins were pre-mined into existence for the express purpose of paying for the development of the core blockchain and not private gain. It may be that Sun was deceived by Ned Scott about the nature of the stack be bought.
He said it very clearly: to migrate all Steem apps to Tron along with the community and swap all STEEM for a TRC10 token. That is, to end the independent existence of the Steem blockchain and migrate the whole ecosystem to Tron, a centralized blockchain that Justin Sun has controlling stake of and which stake he has chosen to actively use. When confronted about this, he backpedaled a little saying that Steem would continue to exist - for now. Our witnesses became concerned when they learned Justin Sun had used genesis coins on Tron to dictate the governance on Tron.
No, it's clear enough what Justin Sun wanted. The witnesses did their duty to protect the chain as best they could. The only thing I disagree with them on was the timing of the soft fork. I would've postponed it somewhat.
Everything is in plain view.
Sun was no ordinary whale. His stake was far from unencumbered and it was large enough for him to nearly centralize the chain.
"...centralized witnesses...".
Witnesses voted in by the community.
That kind of extreme arrogance will get you precisely nowhere. If your side manages to hijack the chain, a sister chain will be created, which the overwhelming majority of the community will choose. You can't buy people and communities.
We actually do. Several mentions of token swap was made by Mr. Sun, implying the destruction of my current Steem tokens. He protests actions that pale in comparison to his intended plans for my and other Steem holders tokens.
All speculation. This is a supposed to be a decentralized blockchain , where enough money buys you influence. The community had a right to see exactly what his plans where. He only has 20%. THe community would have to support it. We just prove were a centralized blockcain of whales and voting bots. The black list is also centralization.